Posted by Sslee > 2023-07-14 12:46 | Report Abuse

http://www.insage.com.my/ir/cmn/trps03/Agm_Egm.aspx?Symbol=4723

You can dowload the latest AGM key matter discussed from above link

Posted by Sslee > 2023-07-14 12:49 | Report Abuse

33 What is the loan tenure for JHDP
loan?
The loan tenure of JHDP is 10 years, expiring in 2030

34 Kindly clarify whether there is a basis
to estimate the dividend payment
from JHDP? How often is dividend
declared? Are there any binding
written agreements in place for the
distribution of JHDP dividends?

Based on the understanding between the JV parties, 100%
of distributable profits from JHDP are expected to be
declared as dividends on an annual basis, subject to
cashflow requirements. Under Vietnamese laws, dividends
can only be distributed upon determining the profits
available by filing of audited accounts and tax submissions.

35 The thermal coal prices settling at
$200 per tonne, which is half from its
peak of $400 early of the year. What
impact does this have on the earnings
of JAKS' power plants in Vietnam?

The coal price is pass-through to the off-taker, Vietnam
Electricity (EVN) and as such, JHDP is not exposed to the
risk of global coal price fluctuations.

Posted by Just88 > 2023-07-14 13:03 | Report Abuse

Sslee, any comment on Gotyou's writeup ?

https://klse.i3investor.com/web/blog/detail/gotyou/2023-07-13-story-h-245713930-WHAT_YOU_DON_T_KNOW_ABOUT_JAKS_RESOURCES

Posted by Sslee > 2023-07-14 14:13 | Report Abuse

KYY was here in Feb 2017 selling JHDP wawasan 2020 but was kicked out by insiders by Nov 2018.

Then DK66 and OTB were here 2019/2020 working on how much 30% - 40% JHDP profit will contribute to Jaks and Jaks net profit should spike up.

Then JAKS managemt RI, PP with lower and lower price and hundred million of free grant LTIP and non end yearly trade, other receivables and goodwill impairment loss. So Jaks profit did not spike up but what spike up is Total NOSH 2,289,834,607

So now who going to sell the wawasan 2030 that profit contribute by 40% JHDP will definately spike up and thus Jaks NP will also definately spike up?

Posted by soon9913 > 2023-07-14 15:43 | Report Abuse

boss getting richer top 10 salary package .. only shareholders GG ma.

Posted by Johnchew5 > 2023-07-14 18:15 |

Post removed.Why?

Posted by Johnchew5 > 2023-07-14 18:28 |

Post removed.Why?

Posted by Johnchew5 > 2023-07-14 18:31 |

Post removed.Why?

Posted by curiousq > 2023-07-15 17:40 | Report Abuse

Sifu already said, 0.18 is very cheap already, should not write anything negative to mislead investors ...... now many holders are in huge loss and very confuse should they top up if price goes lower ......

Posted by SarifahSelinder > 2023-07-15 19:36 | Report Abuse

Coal price has been so high EVN kena kaw kaw sampai cash jam

EVN cash jam hutang JHDP sampai 4 bulan

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-15 20:12 | Report Abuse

Jaks

From 2018 to 2021: raised RM 506.51 m through new shares issued
From 2018 to 2021: paid down RM 97.86 m in bank borrowings.

2022: no further raising of funds through issuance of new shares
2022: bank borrowings increased by 124.9m

Still hemorrhaging cash!

Posted by Johnchew5 > 2023-07-16 06:48 |

Post removed.Why?

Posted by Johnchew5 > 2023-07-16 06:53 | Report Abuse

A ) Referred to FY21 Annual Report :

The turnaround to Profitability was mainly from the share of profit in the Vietnam joint venture which amounted to RM 140.7 million in FYE2021 as compared to RM3.8 million in the previous year .


B ) Referred to FY22 Annual Report :

The increase in Profitability arose from the Higher share of Profit from the Vietnam joint venture that rose by 11 % to RM 156.2 million.


C ) Referred to 1st QR ended March 2023 :

Share of Profit in Joint Venture is RM 28,326,000 compared to March 2022 RM 33,936,000.

Posted by Johnchew5 > 2023-07-16 07:02 |

Post removed.Why?

Posted by Johnchew5 > 2023-07-16 07:07 |

Post removed.Why?

Posted by Johnchew5 > 2023-07-16 07:14 |

Post removed.Why?

Posted by Johnchew5 > 2023-07-16 11:29 | Report Abuse

Case study: JAKS Solar Nibong Tebal’s multilateral financing facility

By
Marlena Kareem
January 31, 2023

JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million).


AmBank Islamic provided the Islamic portion of the facilities while United Overseas Bank (UOB) provided conventional facilities worth RM125 million (US$29.44 million).


The facilities will fund the development of a 50 MW fourth large-scale solar (LSS4) photovoltaic plant in Seberang Perai Selatan, in the state of Penang in Malaysia in addition to financing working capital requirements.


While JAKS Resources’s principal activity is the construction of power plants, JAKS Solar was incorporated specifically to undertake the development of the LSS4 photovoltaic plant in Penang.

The underlying asset for the multilateral facility is the solar plant which is inherently a sustainable power generation facility.
The Islamic facilities in the multilateral financing comprise a Murabahah Tawaruq term financing facility worth RM80 million (US$18.84 million), two bank guarantees worth RM27.5 million (US$6.48 million) combined and a Murabahah Tawaruq cash line facility worth RM5 million (US$1.18 million).


The bank guarantees consist of a RM10 million (US$2.35 million) facility with a complementary term financing facility with a limit of up to RM10 million and a second bank guarantee of RM17.5 million (US$4.12 million) with a Murabahah Tawarruq complementary term financing facility with a limit of up to RM17.5 million.


According to Ng Kit Ho, the senior vice-president of loan markets and debt markets 1 at AmInvestment Bank, the primary challenge faced by the bank in executing the financing facility was the time constraint.


“The time between execution of the power purchase agreement and financials was extremely tight (four months) and was over the festive period,” Ng told ISFI.


According to Albar & Partners, which acted as the legal counsel on behalf of the financiers in this multilateral financing facility, the guarantees required in the facility also posed a challenge.


“Tenaga Nasional, as the off-taker of the power project, would only accept one single performance guarantee for the performance of the borrower under this power project, therefore AmBank Islamic and UOB were required to enter into a fronting arrangement for AmBank Islamic to issue a bank guarantee to UOB as a fronting guarantor, who shall then issue its own conventional bank guarantee to TNB as the performance bond of the power project on behalf of the borrower,” the law firm shared.


While sustainability-linked financing is steadily increasing in popularity as a financing cost-saving mechanism, Ng shared that JAKS Solar had considered sustainability-linked financing but ultimately decided against it.

Posted by Johnchew5 > 2023-07-16 11:30 | Report Abuse

Listed on Bursa Malaysia’s Main Market, JAKS Resources’s activities also include construction, power, energy and property investment and it is involved in the development of residential and commercial properties. Its principal geographical areas for its operations are located in Malaysia and Vietnam.


JAKS Solar Nibong Tebal: multilateral financing facility

RM112.5 million (US$26.5 million)

March 2022


Summary of terms and conditions
Islamic facilities amount RM112.5 million (US$26.5 million)
– Term financing facility RM80 million (US$18.84 million)
– Bank guarantees RM27.5 million (US$6.48 million)
– Cash line facility worth RM5 million (US$1.18 million)
Type of facility Mixture of project finance and working capital facilities.
Use of proceeds 1. Working capital requirements
2. Project costs including engineering, procurement, construction and commissioning works, professional fees, land leases and related expenses
3. Prefunding debt service reserve account
4. Financing cost of the facilities during construction
5. Fees and expenses in relation to the facilities
Tenor Term financing facility: Up to 16.5 years (inclusive of an 18-month grace period)
Cash line facility: On demand
Bank guarantees: Up to two years (inclusive of claim period)
Profit rate/yield Undisclosed
Payment frequency Term financing facility: Monthly
Cash line facility: Quarterly/on demand
Bank guarantees: Not applicable
Legal advisor Albar & Partners
Governing law Malaysian law

Posted by Sslee > 2023-07-16 11:37 | Report Abuse

LSS4 IRR is a poor single digit.
With borrowing of RM220 million and at increase interest payment will Jaks Solar Nibong Tebal make any profit?

JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million)

Posted by Johnchew5 > 2023-07-16 12:11 | Report Abuse

Posted by Johnchew5 > 1 week ago | Report Abuse

LSS4 projects to get four-year PPA extension

By Adam Aziz / theedgemarkets.com
02 Aug 2022, 08:30 am
Updated - 01:35 pm


KUALA LUMPUR (Aug 2): Bidders of Malaysia’s fourth round of large scale solar awards (LSS4) will have their power purchase agreements (PPAs) extended by four years to 25 years, from 21 previously, according to sources.


This appears to be a concession the Energy Commission (EC) is making in consideration of how the viability of certain projects have been affected, following a 30%-50% jump in solar panel prices — compared to when they submitted their bids in 2020.


A number of project owners have also requested for the EC to review the electricity bid prices, considering the challenging environment, but this has been rejected by the regulator.


Nevertheless, the PPA extension, which could be finalised by the EC as early as this week, would provide a relief to companies whose internal rate of return (IRR) could now return to the high single-digit percentage forecasted in the bids they submitted before the price shock.



LSS4, which will have a total quota of 823.06 megawatt (MW), saw intense competition during the bidding stage, which contributed to some companies putting in aggressive bids that incorporated a declining trend in solar panel prices — which suddenly reversed course during the pandemic.

Posted by Johnchew5 > 2023-07-16 12:14 |

Post removed.Why?

Posted by Johnchew5 > 2023-07-16 12:17 | Report Abuse

The extension is believed to be aimed at helping the LSS4 project owners address the rising cost of solar modules, partly attributed to the disruptions in the global supply chain.

In fact, the lowest price bid for the LSS4 programme (17.68 sen per lcWh) was lower than that in the three previous rounds — 39 sen per lcWh for LSS1,33.98 sen per lcWh for LSS and 17.78 sen per kWh for LSS3.

Talcing into consideration the higher costs, the LSS4 owners' bids appear to be unrealistic, causing a huge discrepancy with the current
situation. Since 2020, the price of solar mod- ules has gone up 30% to 50%, raising concerns about their ability to recoup their investments.

In the event that operating costs continue t o r i s e , w i l l t h e PPAs b e f u r t h e r e x t e n d e d ? T h e LSS4 winners are expected to start producing electricity for the grid by end-2023,

>> failing which liquidated and ascertained damages will be imposed on them.

Posted by Johnchew5 > 2023-07-16 12:22 |

Post removed.Why?

Posted by Johnchew5 > 2023-07-16 12:37 |

Post removed.Why?

Posted by Johnchew5 > 2023-07-17 08:05 |

Post removed.Why?

Posted by Johnchew5 > 2023-07-17 15:42 |

Post removed.Why?

Posted by soon9913 > 2023-07-18 13:14 | Report Abuse

johnchew , dont spamming la. share important and latest info pls.

Posted by soon9913 > 2023-07-18 13:14 | Report Abuse

why not u convey our msg to the boss? let his partner huat together instead of he huat himself only by awarding him so much of share grant

Posted by i3lurker > 2023-07-18 13:24 | Report Abuse

Dun be silly!!
Its highly affordable.
=> Everybody only pays less than 10% of amount borrowed and all overdue interest is cancelled ....
... after company goes PN17


Posted by Sslee > 2 days ago | Report Abuse

LSS4 IRR is a poor single digit.
With borrowing of RM220 million and at increase interest payment will Jaks Solar Nibong Tebal make any profit?

JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million)

Posted by Johnchew5 > 2023-07-18 14:20 |

Post removed.Why?

Posted by Asengkianjoo > 2023-07-18 14:27 | Report Abuse

Gotyou

The sole purpose of this article is to demonstrate by rough estimation that Jaks maybe facing tight cash flow over the next few year mainly because of the short 10 years tenure of JHDP loan. As a big portion of the distributable cash in JHDP will be utilised for repayment of borrowings thus resulting in much less amount for dividend distribution. Nonetheless, this article does not assume that Jaks will default on its loan repayments. By all means, Jaks can refinance its borrowings or carry out fund raising exercises through private placements/ rights issues to address its cash flow deficiencies.

Posted by Asengkianjoo > 2023-07-18 14:32 | Report Abuse

Sslee

By all means, Jaks can refinance its borrowings or carry out fund raising exercises through private placements/ rights issues to address its cash flow deficiencies.

Only after 2030 the dividend from JHDP should be able to pay off the borrowing in X years. So no cash dividend for the next xx years

Posted by Asengkianjoo > 2023-07-18 14:34 | Report Abuse

Asengkianjoo

Well done gotyou . What we want is a fair and unbiased view . A reasonable deduction is not always not always necessary a right deduction . You recent RI deduction is a good example . Dk indepth calculation is another . So a responsible writer never like to guess when the dividend will be paid out because it is itself already a biased view

Posted by Asengkianjoo > 2023-07-18 14:38 | Report Abuse

Jaks cash squeeze is a well know fact . But it doesn't mean ots net worth is negative . At the current price it is trading at more than 80 % discount of its audited NTA , have we not a slightest thought that the value of the buy call has emerged.

Posted by soon9913 > 2023-07-18 16:00 | Report Abuse

NTA doesnot mean anything, can be impaired anytime...

Posted by soon9913 > 2023-07-18 16:12 | Report Abuse

many co with huge NTA but was impaired 90% in one year time

Posted by Asengkianjoo > 2023-07-18 16:41 | Report Abuse

Give an example. Which company has its audited NTA impaired 90% . I have not seen it before . You certainly had . If not it is very irresponsible and misleading

Posted by Johnchew5 > 2023-07-18 16:43 |

Post removed.Why?

Posted by soon9913 > 2023-07-18 16:45 | Report Abuse

serbak lo

Posted by soon9913 > 2023-07-18 16:45 | Report Abuse

cypark also got huge impairment but not 90% yet

Posted by soon9913 > 2023-07-18 16:47 | Report Abuse

im new la. i joined in year 2023 Jun

Posted by Asengkianjoo > 2023-07-18 16:57 | Report Abuse

Not a right thinking logical mind will believe a company with a earning potential of consistent income of over RM200 will go bankrupt. If jaks won't go bankrupt, the negative cash is just a normal business operation process. common sense is NOT true knowledge. Big money is made in the waiting and belong to those who has the courage to act differently and the wisdom to see the gold in the trash .

Posted by Asengkianjoo > 2023-07-18 17:01 | Report Abuse

soon9913

im new la. i joined in year 2023 Jun ................ then Ma Yun will slap you

Posted by soon9913 > 2023-07-18 17:02 | Report Abuse

haha you are right

Posted by soon9913 > 2023-07-18 17:03 | Report Abuse

thats why we are at the same boat

Posted by Johnchew5 > 2023-07-18 17:03 |

Post removed.Why?

Posted by Asengkianjoo > 2023-07-18 17:04 | Report Abuse

Gotyou will ignore you . Because what you said will make a qualified accountant lose his job

Posted by soon9913 > 2023-07-18 17:07 | Report Abuse

0..19 today.. TP 0.26 next

Posted by ncy810116 > 2023-07-18 17:07 | Report Abuse

coming soon...

Posted by soon9913 > 2023-07-18 17:09 | Report Abuse

if i simply said something will cause u lose your job, then u are not qualified ady